FATF Grey List Update - Monaco and Venezuela added, Jamaica and Türkiye removed

On June 28, 2024, FATF concluded its plenary meeting, during which it announced the removal of Jamaica and Türkiye from the FATF Grey List, also known as the Jurisdiction under Increased Monitoring List. The FATF Grey List includes countries that are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.

The FATF confirmed that Jamaica and Türkiye successfully rectified the strategic deficiencies identified in their earlier FATF mutual evaluations. As a result, the FATF removed Jamaica and Türkiye from the FATF Grey List.

In this plenary meeting, FATF has added two more countries to the list – Monaco and Venezuela, following FATF’s review of these countries’ AML regimes.